Fuel prices, food promotions, state-guaranteed loans: Bruno Le Maire makes several proposals for purchasing power

The Minister of Economy and Finance, Bruno Le Maire, proposed on Monday July 4 on France Inter several measures which will be integrated into the law on purchasing power which will be presented by the end of the week. Firstly, the minister proposes aid for low-income earners who own cars. The aid will be for employees with a car and earning below 1,500, 1,600 or even 1,800 euros. “It is not defined, I put this proposal on the table”, explains the one who remains Minister of Economy and Finance. “It is a compensation that would concern all those who work and who are obliged to take their cars. It must be concentrated on those who have low or average incomes.” Fuel: “We are looking at whether we can set up more generous compensation for all those who are forced to take their vehicle to go to work”, declares the minister @BrunoLeMaire. “It would obviously be based on the level of income” #le79inter pic.twitter.com/Li61mqoJJ4 – France Inter (@franceinter) July 4, 2022 The minister also announced that he wanted food promotions to be able to reach 50% discounts in distribution. Today, these promotions cannot exceed 34% off. “I propose that we raise this threshold to 50% so that there are discounted prices for those who need them.” Support for companies affected by the war in Ukraine: the loan guaranteed by the State (known as “resilience”) will be “continued until the end of the year”, announces @BrunoLeMaire #le79inter pic.twitter.com/fZ4W5XLsJx — France Inter (@franceinter) July 4, 2022 Bruno Le Maire also announces that the loan guaranteed by the State is extended until the end of 2022. This PGE was to stop this summer. Inflation: controls will be carried out, “sector by sector”, to avoid “revolting margins” in the food sector, explains @BrunoLeMaire. “We will not let the profiteers of the inflationary crisis pass” #le79inter pic.twitter.com/hP9bg4l7w2 – France Inter (@franceinter) July 4, 2022 Finally, the minister mentioned a strengthening of price controls in food, sector by sector. “We will not let the profiteers of the inflationary crisis pass,” he said. “We are going to carry out checks by entire sector, to see if from the factory to the place of distribution, via transport or storage, revolting margins are made. Those who profit from it will be sanctioned.”